Form 4: Chevron CTO Sells Shares After Option Exercise
Insider Transaction Report
Chevron's Chief Technology & Engineering Officer, Thomas Ryder Booth, exercised stock options and subsequently sold 6,000 shares of common stock.
Summary
- Thomas Ryder Booth, Chevron's Chief Technology & Engineering Officer, exercised 6,000 non-qualified stock options on February 3, 2026, at an exercise price of $113.01 per share.
- Concurrently, Booth sold 6,000 shares of Chevron common stock on February 3, 2026, at a weighted-average sale price of $178.4277 per share.
- Following these transactions, Booth directly beneficially owns 476 shares of Common Stock.
- Indirect beneficial ownership includes 5 shares held by the Booth Family Trust and 3,175 shares held in a 401(k) plan.
- The non-qualified stock option was granted on January 30, 2019, with vesting occurring in one-third increments on January 31, 2020, January 31, 2021, and January 31, 2022, and an expiration date of January 30, 2029.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a routine insider transaction for compensation and liquidity, not indicative of significant positive or negative company performance or strategic shifts.
Positives
- The officer realized a significant gain from exercising options at $113.01 and selling shares at $178.4277, indicating a profitable compensation event.
Negatives
- The sale of shares by an insider, even if routine, can sometimes be perceived as a lack of confidence, though it is often for liquidity or tax planning.
Industry Context
StockSavvy.ai notes that insider transactions like this are a common occurrence in executive compensation structures, where stock options are granted and subsequently exercised and sold for personal liquidity or tax planning purposes. Such transactions are generally routine for large, established companies like Chevron.
Related Party Transactions
- Indirect beneficial ownership includes 5 shares held by the Booth Family Trust and 3,175 shares held in a 401(k) plan.
Stakeholder Impact
- Shareholders: Minimal direct impact as this is a routine insider transaction for compensation and liquidity, not a reflection of company performance or strategic changes.
- Employees: No direct impact mentioned.
Key Dates
| Date | Description |
|---|---|
| 01/30/2019 | Date Non-Qualified Stock Option was granted. |
| 01/31/2020 | First vesting date for one-third of the shares subject to the option. |
| 01/31/2021 | Second vesting date for one-third of the shares subject to the option. |
| 01/31/2022 | Third vesting date for one-third of the shares subject to the option. |
| 02/03/2026 | Date of option exercise and subsequent sale of common stock. |
| 02/05/2026 | Date the Form 4 was signed. |
| 01/30/2029 | Expiration date of the Non-Qualified Stock Option. |
Recommendation
holdThis Form 4 reports a routine exercise of stock options and subsequent sale of shares by a company officer, likely for personal liquidity or tax purposes. It does not provide new information about the company's operational performance, strategic direction, or fundamental value that would warrant a change in investment recommendation. Therefore, a 'hold' recommendation is appropriate, maintaining existing positions based on broader company fundamentals.
Keywords
Chevron, CVX, Insider Trading, Form 4, Stock Option, Share Sale, Thomas Ryder Booth, Chief Technology Officer
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